LMNOP Education Services

Managerial Accounting Process:

1. Recording Costs:
   • LMNOP Education records its cost of educational programs at $30 million, including faculty salaries, facilities maintenance, and academic materials.
   • Administrative expenses are recorded at $10 million.

1. Analyzing Costs:
   • Conduct student-level profitability analysis to evaluate the financial performance of different educational programs.
   • Perform cost-volume-profit analysis to assess the impact of enrollment changes on profitability.

1. Reporting Costs:
   • Prepare an educational program cost analysis to analyze the costs associated with each academic department.
   • Present an administrative expense report to identify opportunities for cost reduction.

1. Educational Excellence:
   • Discuss strategies to enhance educational quality while managing costs.
   • Evaluate the ROI of investing in technology for virtual learning environments.